The plan for the preliminary pit shell of the Bam and Bam East gold deposits. (Image: Landore Resources)
ONTARIO – Landore Resources of London, U.K., has updated the resource estimate for the Bam gold deposit on its Junior Lake property. The project is about 235 km north-northeast of Thunder Bay.
New modeling has resulted in a significant increase in contained ounces. The deposit is now believed to host 623,000 oz. of gold, up from the 400,000 oz. the company reported in December 2017. And the results from the 2018 drilling program are yet to come.
Landore uses the Australian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). By that yardstick, the Bam deposit contains 13.9 million indicated tonnes grading 1.09 g/t gold and 4.7 million inferred tonnes grading 0.90 g/t gold. In the “unclassified” category (not JORC compliant) there may be an additional 24.2 million tonnes at 0.88 g/t gold containing a further 686,000 oz. of gold.
Learn more at www.Landore.com.